Robert Machi Rental Deal

 

Robert Machi Rental Deal

Pawsitive Property Solutions, LLC in Port Vue, PA

On May 28, 2021, we closed on our second purchase of cash flowing portfolio of 8 single side-by-side unit townhomes (2 lots with 4 units on each lot). We now have a total of 17 doors and we're really excited about that. Our main job now is to reach our initial goal of 90 total doors. We received a seller concession for future repairs as well as to subsidize the units having below market rents. So we will also be able to increase those rents to market value in the coming years which will give us an even higher CoC!

Rental Details

Property City: Port Vue
Purchase Price: $570,000

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Case Study

How did the FortuneBuilders team and resources help you to accomplish this deal?

This is all thanks to Fortune Builders, the techniques we have learned, the mindset and the people we have met, especially the Feb 2020 bootcamp in Baltimore. The knowledge and relationships have been life-changing. My wife, Pam, and I (and our 4 pups) joined FB Inner Circle in Oct 2019. From Day One, this community has been amazing. We were following the curriculum, viewing properties, making offers, doing coach calls, etc. Then Covid hit and our new rehab business came to a screeching halt which really threw us off our game. So we pivoted and are now focusing on building a Buy&Hold portfolio in rental markets that are more landlord-friendly than our home state of NY...places where the landlords are more protected.